Cordoba Minerals (CDB-V) Feb 12, '14 moves track-mounted RAB (rotary air blast) drill rig has been mobilized at the Montiel prospect located within Cordoba Minerals Corp.'s San Matias project in Cordoba, Colombia, where previously reported diamond drilling has included 101.10 metres at 1.0 per cent copper and 0.65 gram per tonne gold (2.37 g/t gold equivalent) in DDH-004 (see Nov. 20, 2013 news release). As announced on Aug. 1, 2013, Cordoba signed a binding agreement to consolidate the 26,000-hectare San Matias project, with closing anticipated early 2014.
The Montiel prospect is composed of a large (more than one kilometre in diameter) and robust copper/gold in-soil anomaly, associated with a cluster of outcropping mineralized porphyry Cu-Au intrusive centres, extensive shallow artisanal mining activity and associated alluvial gold mining that is sourced from the Montiel porphyry cluster. The RAB drill rig has been specially designed for Cordoba and will be utilized to rapidly drill the upper 50 vertical metres of the exposed porphyry Cu-Au mineralization with percussion drilling, commencing at Montiel West and moving toward Montiel East. Follow-up diamond drilling will commence upon completion of the first-pass RAB exploration drilling.
RAB drilling is a very effective drilling technique used specifically in areas where a well-developed saprolite has formed and where larger areas of surface mineralization are evident with favourable topography, such as the Montiel prospect. The RAB drilling program is expected to rapidly locate the more well-developed areas of porphyry-style Cu-Au mineralization to better target follow-up deeper diamond drilling activities efficiently and cheaply.
Simon Ridgway, chief executive officer of Cordoba, commented: "We are extremely pleased to commence our 2014 drilling program at the Montiel prospect, the first of numerous porphyry Cu-Au targets identified to date, and start unlocking the full potential of the San Matias project." |
